Residents / Expats and other Tax Services

We have a dedicated tax return service for landlords. Click here to file your fully compliant Irish tax return.

Tax Return Service for Landlords

Landlord Tax Returns for Rental Income

Landlord Tax Returns

If you own a rental property in Ireland, you’re legally obliged to file an annual self-assessed tax return with Revenue. Our landlord tax return service will provide you with your own dedicated Account Manager and make sure you don’t miss the annual tax deadline for declaring rental income.

We will check if your tax liability can be reduced and will ensure that you are availing of any applicable relief. We’ll also check that you are claiming all the landlord expenses you are entitled to such as advertising costs.

Our Landlord Tax Service was developed in response to feedback from landlords who were paying too much to their accountants for tax return filing assistance. We developed a friendly, cost-effective service that will make sure you are fully compliant with all Revenue legislation in relation to the declaration of rental income.

We will also make sure that you are claiming tax deductions such as capital allowances as these may help to reduce your tax liability. On such example is wear-and-tear allowance which is available for the capital cost of items provided to furnish rented residential accommodation such as furniture or kitchen appliances. Our landlord tax service starts at just €289. Talk to our Kilkenny-based Landlord Team today or click here for a call-back.

Ireland Tax Refund FAQs

?Do I need to file a tax return?

If you’re self-employed in Ireland, perhaps as a consultant, architect or construction sub-contractor, you’re legally obliged to declare any income you receive on an annual self-assessed tax return. This information will be used to work out how much tax you should pay.

You should also file a self-assessed tax return if you earn income from other sources such as:

Rental income

Investments

Foreign income/foreign pensions

Income from share options/share incentives

Maintenance payments where civil partnerships are dissolved

Other income not subject to PAYE

For those who have registered, the tax office will issue your self-assessed tax return forms at the end of the tax year. If you receive one you must submit it, even if you had no self-assessable income.

You must file your return and pay your taxes by October 31st or you may face a surcharge and interest on any money owed.

NOTE: Even if you worked only part of the year as self-employed and were PAYE the rest of the time, you still need to file a self-assessed tax return.

?What is Self-Assessment?

The self-assessment system in Ireland applies to all self-employed people and is used to report income, capital gains or claim tax allowances against your tax bill. It’s called self-assessment because you’re responsible for making sure the details are correct and ensuring you pay the right amount of tax – even if you don't actually work out the tax yourself.

When you get your self-assessment forms at the end of the tax year, you’ll need to provide details of all taxable income and gains you received in the year. This form will also allow you to claim allowances on it as well.

?When should I file my Irish tax return?

You must file your return and ensure all tax is paid by October 31st following the end of the tax year. If paying and filing using ROS, Revenue’s online system, the due date is extended to Thursday, 12th November 2015. The tax year in Ireland runs from 1st January-31st December.

Interest of 8% per annum is applicable on all late payments of tax.

?Will I get a tax refund?

It depends. As part of your self-assessed tax return, we’ll claim for any allowances and work-related expenses you’re entitled to. Your refund will depend on your earnings and expenses.

?Can I claim business expenses?

Yes, if you’re self-employed in Ireland you can claim back business-related expenses. Expenses can significantly reduce your tax liability and are a vital part of your tax return. Many people forget to include this and leave thousands of euros worth of tax refunds unclaimed.

To claim, the expense must be directly related to earning your profits.

Examples include:

Wages, rent, rates, repairs, lighting and heating, etc.

Running costs of vehicles or machinery for the business

Accountancy fees

Work tools

Protective clothing

Buying machinery

Maintenance of work equipment

Note: Remember to keep your receipts and records of income and expenditure.

?Can I claim a VAT refund?

VAT is a tax levied on the supply of goods and services in EU and many non-EU countries which may add between 5% and 25% to your expenses.

If your company does business abroad you may be entitled to recover VAT on expenses including:

?Should I include rental income on my tax return?

Yes. Rental income is any income from lettings and can be from a house, flat, factory, office, etc. You must pay tax on any profit arising from rental income and declare it under the self-assessment system.

Rental profit or loss is calculated in terms of the total receipts to which the person becomes entitled in any tax year. A rental loss occurs when the total allowable expenses are more than the rents received.

?Can I claim back bin and water service charges?

Since 1st Jan 2012, tax relief for service charges has been abolished. If you paid charges on bin or water services prior to 2012 you may be able to claim tax credits of up to €400. For amounts paid prior to this, relief may still be claimed if the claim is made within four years.

Qualifying services are those paid to local authorities for domestic water supply, refuse collection, and sewage disposal. To be eligible, you must have paid on time and in full in the year for which you want to claim.

?How do I know what’s happening with my tax return?

We’ll also provide 24/7 support through our Live Chat service so you can have your questions answered anytime.

?How much does it cost?

Once you send us your documents and signed forms, we'll evaluate your case and let you know how much it will cost to file your self-assessed tax return.

?What’s PRSI?

In Ireland, everyone must make Pay Related Social Insurance (PRSI) contributions on relevant earnings. PRSI is made up of social insurance and health contributions.

Social insurance goes to social insurance funds to pay for social welfare and benefits in Ireland. The health contribution goes to the Department of Health and Children to help fund health services in Ireland.

As a self-employed worker, you’re responsible for your own PRSI contributions and must pay through the self-assessment tax system.

?What is RCT?

RCT (Relevant Contracts Tax) is a tax system where the principal contractor deducts tax at either 0%, 20% or 35% from payments to subcontractors, depending on the tax status of the subcontractor.

RCT applies to construction, forestry, and meat processing operations and only when the principal contractor and subcontractor operate in the same industry.

Revenue now operates an electronic RCT system, which was introduced on 1st January 2012.

?What is a C2?

A C2 was the old certificate of authorisation issued to you as a subcontractor by the tax office. However, features of the old system such as C2s, RCTDCs, and Form RCT 1 are no longer in use and have been replaced by an electronic system which is mandatory for principal contractors.

Subcontractors will receive details from Revenue of contracts notified by principal contractors.

Thanks for filling out the contact form. A member of the Irish Tax Team will give you a call shortly.

Landlord Tax Facts

The self-assessed tax return filing deadline is 31st October for paper tax returns and 15th November for electronically submitted tax returns

Landlords should keep full records for all expenses and receipts

Fines and penalties are applied for failure to file a tax return or pay any tax you are due

We will provide you with a no obligation quote for our service

We can answer your property tax questions

Are you aware of capital allowances for landlords?

Find Out More

Capital allowances are one of the most valuable deductions which are commonly overlooked by landlords. Wear and tear allowances are available for the capital cost of fixtures and fittings (for example, furniture, kitchen appliances, etc) provided to furnish rented residential accommodation. The rate of wear and tear allowances for capital items is 12.5% over 8 years. For example, if you purchase a suite of furniture for €1,000 a capital allowance of €125 per year can be off-set against the rental income for tax purposes for the next 8 years.